(1) A relevant entity
considering undertaking a significant initiative must inform the Portfolio
Minister and the Treasurer of the contemplated initiative as soon as
practicable.
(2) A relevant entity
that has informed the Portfolio Minister and the Treasurer of a contemplated
significant initiative under subsection (1) must consult the Portfolio
Minister and the Treasurer during the further development and realisation of
the contemplated initiative as the Portfolio Minister and the Treasurer
require.